Kentucky Title Insurance
Secure Your Property's Future with Comprehensive Title Insurance
Title insurance is a crucial part of any real estate transaction, protecting your property's title from hidden risks such as forgery, fraud, recording errors, and missing heirs. At Bluegrass Land Title, we offer both standard and enhanced title insurance policies, backed by industry-leading underwriters such as First American Title, Fidelity National Title Insurance Company, Stewart Title, and Old Republic Title. Our comprehensive policies provide the protection and peace of mind you need when purchasing real estate.
Title Insurance Benefits
Protection
Safeguard your investment from hidden title risks and unforeseen issues, such as forgery, fraud, and errors in public records. Our comprehensive policies ensure you're covered against potential threats.
Value
With a one-time premium paid at closing, our title insurance provides long-lasting coverage for as long as you own your property. Experience unparalleled protection and peace of mind at an exceptional value.
Peace of Mind
Our Enhanced title insurance policy not only covers pre-existing risks but also post-policy fraud, ensuring your title remains marketable. Rest easy knowing your property is protected, no matter what challenges may arise.
What is title insurance?
Title insurance is a unique form of insurance that protects property owners and lenders from hidden risks to the title of a property. These risks can include forgery, fraud, errors in the public record, missing heirs, and post-policy fraud. With a one-time premium paid at closing, title insurance covers you for as long as you own the property.
Title insurance is available for both lenders and homeowners. The loan policy does not extend protection to the homebuyer, so plan to purchase an additional owner’s policy to protect your ownership rights.
Title Insurance protects your investment from hidden risks so you can enjoy peace of mind.
Standard and Enhanced Policies
At Bluegrass Land Title, we offer two types of owner’s title insurance policies:
- Standard Owner’s Policy
This policy provides protection against the most common hidden risks to the title, ensuring that your investment is secure. - Enhanced Owner's Policy
In addition to the protection offered by the standard policy, the enhanced policy includes post-policy fraud protection and coverage for additional risks to the title. We default to the enhanced policy on eligible transactions unless otherwise requested.
Please contact us for more information about the differences between these policies and to determine which one is right for you.
Title Search and Exam
Before issuing a title insurance policy, we conduct a thorough title search and exam to identify and cure any title issues prior to closing. This process is essential for issuing a title commitment and ensuring the accuracy and validity of the property's title. Please note that the title search and exam are only available as part of our title insurance services and cannot be purchased a la carte.
Document Requests
As part of our title insurance services, we can assist with the preparation and review of various documents associated with your real estate transaction. Some examples of these documents include:
- Power of Attorney (POAs)
- Contracts
- Easements
- Escrow agreements
- Contracts for deeds
- Deed preparation
- 1031 Exchange documents
- Private notes and mortgages for seller-financed transactions
- Quit Claim Deeds
- Leases
- Operating agreements and corporate entity documents
Please note that we do not prepare realtor contracts but can provide a blank template upon request.
Title Clearance
A good and marketable title, free and clear of defects, is the foremost requirement of every transaction. Without it, a seller is unable to transfer title to a buyer, a buyer’s investment is not sound, and a lender’s lien priority may be in jeopardy. As part of our commitment to providing marketable title, Bluegrass Land Title will order all payoffs for mortgages, judgments, and liens that affect title. To facilitate the service, we must have a completed Authorization Form from any party for whom we are obtaining a payoff. The timely receipt of this form ensures that we are able to obtain the payoff quickly and avoid matters that might delay closing.
Frequently Asked Questions
Looking to learn more about Title Insurance? Check out the questions below.
How are title insurance rates determined, and can they be negotiated?
Title insurance prices are regulated by the state, so the cost of your title insurance in Kentucky will not vary from title company to title company. The only difference in cost you will find is between a basic title insurance policy and an expanded policy, which offer different levels of coverage. Title insurance rates cannot be negotiated.
What is the difference between a lender's title insurance policy and an owner's title insurance policy?
Lender's and owner's title insurance policies both aim to protect the insured party against legal claims regarding the ownership of a property, but they serve distinct roles.
A lender's title insurance policy is usually required by the mortgage lender. It protects the lender's financial interest in the property against any title disputes that may arise. It is typically the borrower's responsibility to pay for this policy as part of the closing costs. However, this policy does not extend any protection to the homeowner.
On the other hand, an owner's title insurance policy is purchased voluntarily by the buyer and protects the homeowner's equity in the property. If there is a title dispute, this policy covers the legal costs and any loss of the homeowner's investment in the property. An owner's policy remains in effect as long as the insured or their heirs own the property.
In essence, while both types of title insurance protect against the risks associated with title defects, the primary difference is who they protect – the lender versus the homeowner.
Can I purchase title insurance after I have already closed on my property?
Yes, you can purchase title insurance up to 30 days after you close.
